Iran and Oman are reportedly "very close" to reaching an agreement on a new shipping route through the Strait of Hormuz, according to Iranian Foreign Minister Abbas Araghchi. However, the deal's reopening depends on several conditions, including compensation for what Tehran describes as US violations of the Islamabad memorandum of understanding.

Mohammad Baqer Zolqadr, secretary of Iran's top national security body, outlined additional demands such as ending US threats and aggression against Iran and its regional allies, lifting sanctions and blockades on Iran, and releasing Iranian assets.

Iran's President Masoud Pezeshkian, considered a relative moderate, expressed optimism, stating he believes now is the best time for an agreement, highlighting national cohesion and strength amid ongoing conflict.

Oman condemned repeated attacks on vessels transiting the strait without assigning blame and described negotiations with Iran as "positive and constructive." Meanwhile, a US official indicated Washington anticipates a forthcoming agreement between Iran and Oman to resume normal oil traffic through the strait.

Tensions remain high as the United Arab Emirates condemned what it called an Iranian attack on a carrier linked to its state oil company ADNOC in the Strait of Hormuz, accusing Tehran of "acts of piracy." State news agency WAM reported the vessel was targeted by a missile but that the situation was under control, with no injuries reported.

It has been 53 days since the ceasefire between the United States and Iran was signed and 11 days since strikes resumed, underscoring the fragile state of regional security.

Sources